Company Press Release

BETHESDA, Md., Mar 29, 2012 (BUSINESS WIRE) -- ProShares, the nation’s fourth most successful exchange traded fund (ETF) company,(1) announced today the launch of ProShares UltraPro Short 20+ Year Treasury . The ETF lists on NYSE Arca today.

TTT seeks to provide -3x the daily performance of the Barclays Capital 20+ Year U.S. Treasury Bond Index, before fees and expenses. TTT is the third ProShares ETF providing inverse exposure to long-term Treasurys. In addition to TTT, ProShares offers the popular -2x and -1x long-term Treasury ETFs, ProShares UltraShort 20+ Year Treasury TBT -1.16% and ProShares Short 20+ Year Treasury TBF -0.60% .

“Interest in TBT and our other inverse Treasury ETFs has been strong, with many investors concerned about the potential for rising rates,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. “We are pleased to add TTT to our lineup of ETFs for investors seeking to help hedge against or potentially benefit from declines in long-term Treasurys.”

ProShares introduced the first inverse Treasury bond ETFs in April 2008. The firm has nearly $5 billion of assets in inverse ETFs on long-term Treasury bonds.